900 Frontage RdMeridian, MS 39301

  • Hospitality properties
  • 5,931 SF
For Lease

Property Details for 900 Frontage Rd

Year built
1950
Lot size
1.25 AC
Property size (Sq ft)
5,931 SF
Property type
Hospitality properties
Property subtype
Motels
APN
84174000000000800
APU
84174000000000800

Description

This exceptional 1-acre commercial lot is available for lease on North Frontage Road, offering unparalleled visibility from the heavily trafficked I-20/59 interstate. The property's strategic location ensures maximum exposure to a large and diverse customer base. Its single-tenant occupancy presents a unique opportunity for businesses seeking a prominent presence in a thriving commercial area. The lot is situated in Lauderdale County, within close proximity to a range of amenities including hotels, a major shopping mall, numerous retail centers, and a variety of restaurants. This prime location provides easy access for employees and customers alike, enhancing the overall convenience and appeal of the property. The property is classified as Special Purpose, offering flexibility for a wide range of commercial uses. The single-suite building on the lot presents a streamlined and efficient operational environment. This exceptional opportunity is perfect for businesses seeking high visibility and convenient access to a bustling commercial hub. The property's size and location make it an ideal choice for a variety of commercial ventures. Don't miss this chance to establish your business in a highly desirable and strategically advantageous location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,129,221
    6.5%
    $1,042,358
    7%
    $967,904
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,037,474
    Geo Method
    $2,718,717
  • Alternative Use

    Use
    Valuation
    Residential
    $1,137,952
    Hospitality
    $1,042,358
    Educational
    $867,230
    Medical
    $897,055
    Retail
    $1,349,024
900 Frontage Rd, Meridian, Mississippi

Location Insight

City
Meridian
County
Lauderdale
State
Mississippi
Latitude
32.361
Longitude
-88.6803
CBSA code
32940
CBSA name
MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,933
-
-
$27,759
-
$185,060
-
$185,060

FAQs

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